Categories: Latest News

Petrol Pumps strike called off after govt agrees to increase dealers margin to 4.4%

Petrol Pumps strike has been called off after govt agrees to increase dealers margin to 4.4%!

On Thursday evening the Pakistan Petroleum Dealers Association (PPDA) called off the nationwide strike after the government agreed to increase their profit margin to 4.4%.

Earlier, it profit margin was 3.9% and the PPDA demanded the government to increase it to 6%.

The announcement on behalf of PPDA was made by the association’s chairman Abdul Sami Khan.

The government has assured the petroleum dealers to review the profits every six months, as per the media reports.

 Federal Minister for Information and Broadcasting Fawad Chaudhry also confirmed the development in a tweet.

 

As being reported, following the announcement the petrol pumps across the country have started to open up.

Saman Siddiqui

Recent Posts

  • Celebrity News

Alvaro Gonzalez all praises for KSA as he received his lost wallet after 8 months

Spanish football player Alvaro Gonzalez is all praises for Saudi Arabia as he received his…

12 hours ago
  • Lifestyle

Aligarh Muslim University appoints first-ever female VC in 100 years

Aligarh Muslim University (AMU) appointed the first-ever female Vice Chancellor in 100 years! Professor Naima…

13 hours ago
  • Entertainment News

Shogun concludes with slow burn Season 1 with no news of renewal

The Shogun series concluded with a slow-burn Season 1, with no news of the renewal.…

14 hours ago
  • Latest News

Mid-air helicopter crash in Malaysia leaves 10 dead

A mid-air helicopter crash in Malaysia on Tuesday has left at least 10 people killed.…

16 hours ago
  • Latest News

Iranian President Raisi arrives in Karachi

Iranian President Raisi arrived in Karachi on Tuesday evening on the third and final day…

16 hours ago
  • Hollywood News

R-rated Deadpool & Wolverine trailer is finally out

The R-rated Deadpool & Wolverine trailer starring Ryan Reynolds and Hugh Jackman is finally out!…

17 hours ago